SBA & Treasury Announce Simpler PPP Forgiveness for Loans of $50K or Less

 

The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. Learn more   Celebrating Hispanic entrepreneurs’ growth, resilience By SBA Administrator Jovita Carranza  As we celebrate National Hispanic Heritage Month, many people are talking about the remarkable contributions of 60 million Hispanic Americans. Few people, however, can say they have done as much to propel this community – my community – forward as President Donald Trump. As the first Latina to serve in a Republican President’s Cabinet, I am proud to work for an Administration that has empowered Hispanic Americans with unmatched opportunities to achieve the American Dream. Learn more Women Owned Small Business Federal Contracts Have you ever wondered how much of federal government contracting dollars go to women-owned small businesses (WOSB)? Check out this interactive dashboard where you can see a breakdown of WOSB by agency and state. Learn more   The SBA is hiring temporary employees to assist with disaster relief efforts during these unprecedented times. The positions include: Call Center Customer Service Representative Document Preparation/Legal Review/Loan Closings Loan Processing/Credit Analysis/Mortgage Underwriting Program Support Apply today Federal Coronavirus Resources State, local, and federal agencies are working together to maintain the safety, security, and health of the American people. Check out coronavirus.gov for updates from the White House's Coronavirus (COVID-19) Task Force. Go to cdc.gov for detailed information about COVID-19 from the Centers for Disease Control and Prevention.   Learn more about the federal government's response Virtual Mentoring and Training  Offices around the country may be closed due to the Coronavirus pandemic, but SCORE, Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video. Find an SBA resource partner near you